Oil-powered oil in the United States shuts down more

Oil futures prices rose again as US stocks fell more than expected last week. However, the uncertainties created by the progression of the omigron variant of the corona virus remain on the radar.

On the New York Mercantile Exchange (Nymex), the WTI barrel scheduled for delivery in February was up 2.31% (US $ 1.64) to US $ 72.76, while Brent was up 1.77% (US $ 1.31) in the same month. $ 75.29, on the Intercontinental Exchange (ICE).

“Oil markets are paying close attention to the potential impact of the virus on demand. However, so far its impact has been minimal, with flight surveillance data showing no drop in total aircraft, while the drop in case numbers in South Africa offers some hope,” DT Securities said.

Trading accelerated beyond the expected 2.6 million barrel reduction after the U.S. Department of Energy pointed to a 4.715 million barrel drop in inventory last week. Prior to that, US GDP data had already provided some support for the business, showing growth slightly above the market forecast.

On Monday night, 21, the American Petroleum Corporation (API) announced last week that oil reserves in the United States had fallen by 3.67 million barrels.